Yield Right Separation
Last updated
Last updated
In Doubler Lite, for each asset inputted into the pool, the protocol separates the ownership of the cost and the ownership of the yield into Cost Tokens and Yield Tokens, and tokenizes these two rights. The token representing the cost ownership is the C token, while the token representing the yield is the 10x token.
In the actual operation of the protocol, the 10x token is divided into two parts: to-be-issued and issued. The token representing the to-be-issued portion of the 10x token rights is the E token.
Rights Tokens:
10x Token:Represents the ownership of the future yield of crypto assets in the pool, serving as the Yield token.
C Token:Represents the ownership of the cost basis of the pool's assets, valued in USD.
E Token:Represents the minting rights of the unissued portion of the 10x tokens in the pool.
To facilitate reading, we will use E, 10x, and C to represent the three types of rights tokens. In practice, the naming format is: Chain + Token Name + Category.
For example, the 10x token for the ETH pool on the Arbitrum One chain would be named: ARB-ETH-10x.